Boeing Stock Plummets After Air India Crash; Airbus, American Airlines Fall

Boeing Stock Decline

• 📉 Boeing (BA) shares experienced a significant drop of 8%, trading at $197, following a tragic incident in Western India.
• ✈️ An Air India Boeing 787 Dreamliner crashed shortly after takeoff in Ahmedabad, with no reported survivors, marking one of the worst accidents involving the aircraft.

Aviation Sector Impact

• 🇪🇺 Airbus (AIR) shares in Europe also fell by approximately 1% due to sympathy from the Boeing selloff, trading at around 161 euros.
• 🇺🇸 Several US airlines are trading lower, including American Airlines (AAL) down 1% at nearly $11 a share, Delta (DAL) down 0.8% at $49, and United (UAL) down 1.5% at $77.
• 📈 Lockheed Martin (LMT), though trading higher by 0.4% on light volume, is noted as a stock that typically moves in line with Boeing shares.

Alaska Airlines Performance

• 🌟 Alaska Airlines (ALK) is an exception, trading higher by 0.5% at $52 a share.
• 🌍 This positive performance is attributed to Alaska Airlines having less international exposure compared to other major US airliners like Delta and American.